March 26th, 2009
Back in early December I wrote a column entitled “The Financial Golden Age of Sports: 1996-2008″. In it I predicted that professional sports were going to go into a financial decline that would last for years. I don’t make forecasts unless I have a very strong sense of them being correct. Well, this forecast has unfolded so quickly and so correctly that even I am a bit surprised.
In that column I wrote:
“going forward, the economics around sports in general will decline, at least for the next 5-8 years if not longer.” And
“Corporations, after firing thousands of people, will …